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the subordinate pledge of revenue is where you would go to make up <br />the difference. <br />County Attorney Vitunac clarified this is the one-half cent <br />sales tax guaranteed entitlement, not the one -cent optional tax <br />that is to be passed. <br />Ed Bulleit from William R. Hough & Co. detailed the figures <br />involved in the bond issue, and Chuck Sieck from Rhoads and Sinon <br />praised the work of the entire team in reaching this goal. <br />ON MOTION by Commissioner Scurlock, SECONDED by <br />Commissioner Eggert, the Board unanimously adopted <br />Resolution 91-79, amending and restating Resolution <br />91-70, and adopted Resolution 91-80 authorizing a <br />bond purchase agreement. <br />RESOLUTION NO. 91-79 <br />A RESOLUTION AMENDING AND RESTATING RESOLUTION NO. 91-70 <br />OF INDIAN RIVER COUNTY, FLORIDA, ENTITLED: <br />"RESOLUTION NO. 91-70 <br />A RESOLUTION SUPPLEMENTING RESOLUTION NO. 85-78 OF <br />INDIAN RIVER COUNTY, FLORIDA, AS AMENDED AND <br />SUPPLEMENTED; AUTHORIZING THE CONSTRUCTION, ACQUISITION, j <br />FURNISHING AND EQUIPPING OF AN EXPANSION OF THE <br />SANDRIDGE GOLF COURSE OF AND IN THE COUNTY; MAKING SAID <br />EXPANSION A PART OF THE PROJECT, AS DEFINED BY SAID <br />RESOLUTION; AUTHORIZING THE ISSUANCE OF NOT EXCEEDING <br />$6,500,000 RECREATIONAL REVENUE BONDS, SERIES 1991, TO <br />FINANCE THE COST OF THE EXPANSION, AS ADDITIONAL PARITY <br />OBLIGATIONS UNDER SAID RESOLUTION; MAKING CERTAIN <br />PLEDGES, COVENANTS AND AGREEMENTS IN CONNECTION <br />THEREWITH; AND PROVIDING AN EFFECTIVE DATE." <br />TO FURTHER PROVIDE FOR THE TERMS AND CONDITIONS UPON <br />WHICH THIS COUNTY MAY ISSUE WATER AND SEWER REVENUE <br />BONDS AND PROVIDE FOR THE PAYMENT AND SECURITY THEREOF. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER <br />COUNTY, FLORIDA: <br />SECTION 1. Authority for Resolution. This resolution is adopted <br />pursuant to Chapter 125, Florida Statutes (1990), as amended, and other <br />applicable provisions of law. <br />SECTION 2. Findings. It is hereby ascertained, determined and <br />declared that: <br />A. The Board of County Commissioners of Indian <br />River County, Florida, on June 18, 1991, duly adopted a <br />resolution entitled as follows: <br />RESOLUTION 91-79, IN ITS ENTIRETY, IS ON FILE IN THE OFFICE OF <br />CLERK TO THE BOARD <br />19 <br />L 123 <br />�UUK-j <br />r,�, E 9 4 2`%, <br />